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Henkel Buys France's Spotless for $1.27 Billion

Deal Strengthens the German Firm's Position in Western Europe

By

Neetha Mahadevan

Updated June 5, 2014 2:28 a.m. ET

FRANKFURT—Household consumer products maker Henkel AG & Co. said Thursday it would pay €940 million ($1.27 billion) in cash for French company Spotless Group SAS in a move aimed at strengthening its position in Western Europe.